Bryan Stirewalt
Chief Executive
Bryan Stirewalt was appointed Chief Executive of the DFSA on 1 October, 2018, after nearly 8 years as the DFSA’s Managing Director of the Supervision Div
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Bryan Stirewalt was appointed Chief Executive of the DFSA on 1 October, 2018, after nearly 8 years as the DFSA’s Managing Director of the Supervision Division. In his role as Chief Executive, Bryan will take the lead in steering the work of the DFSA and further developing its capability as a robust regulator delivering world-class financial regulation in the DIFC. Over his time with the DFSA, Bryan has played a vital part in executing the DFSA’s regulatory mandate and developing its risk-based supervision framework. His responsibilities have included prudential and conduct-oriented oversight of financial service providers in the Dubai International Financial Centre (DIFC), in addition to the DFSA’s regulatory role with Registered Auditors and Credit Rating Agencies. He has also directed the DFSA’s efforts in fighting methods of illicit finance, including the crucial regulatory relationships with Designated Non-Financial Businesses and Professions.Prior to joining the DFSA, Bryan developed his skills over a career that spans more than 30 years. He has held a number of senior positions in financial regulation, both in the public and in private sectors. From 1985 to 1996, he worked for the US Treasury’s Office of the Comptroller of the Currency as a National Bank Examiner, specialising in policy development and implementation, problem bank rehabilitation and banking fraud initiatives. From 1996 until joining the DFSA in 2008, he worked for an international consulting and advisory firm, focusing on emerging markets development programmes in Poland, Ukraine, Cyprus and Kazakhstan. In relation to international development, Bryan plays an active role in supporting the work of international standard-setting bodies. He now serves as the Co-Chair of the Basel Consultative Group (BCG), which provides a forum for deepening the Basel Committee on Banking Supervision’s engagement with non-member, global supervisors on banking supervisory issues. Through this role, Bryan also serves as an Observer at the Basel Committee on Banking Supervision.
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Mr Al Awadhi has over 18 years of international and local experience in leadership, strategy and innovation across financial services, Islamic banking, real estate, and media and telecommunications. He is responsible for operational excellence at the DFSA by driving the development and implementation of world-class, innovative solutions and smart initiatives. Mr Al Awadhi represents the DFSA on strategic initiatives with Government entities and with local and regional regulators and international standard-setters. He is a member of the United Arab Emirates National Committee for Combating Money Laundering and the Financing of Terrorism and Illegal Organisations (NAMLCFTC) and the Dubai International Communication Committee (DICC) - a Government of Dubai Media Office (GDMO) initiative. He is also an international Financial Action Task Force (FATF) Assessor for Mutual Evaluation. He sits on the Board of CPI Financial. He plays a leading role in building UAE National capabilities both at the DFSA and within broader society. Previously, Mr Al Awadhi headed the Marketing and Communication division at Abu Dhabi Media, Priority Banking at Emirates Islamic Bank, and was Deputy Head of Retail Banking and Deputy Chief Marketing Officer at Dubai Bank, where he also managed Royal Banking and Wealth Management, Branding, Marketing and Communications. Prior to this, he was the Global Director of Marketing and Sales at Sama Dubai - a member company of Dubai Holding - where he was responsible for over 20 international markets. Mr Al Awadhi is a graduate of the Mohammed bin Rashid Centre for Leadership Development ‘Impactful Leaders’ Program. He is also an alumnus of the Harvard Business School, and a member of the Harvard Business School Middle East Alumni Committee. He has a Master of Law in Commercial Law with a double major in Arbitration & Dispute Resolution and Financial Crimes and Money Laundering, and a Bachelor degree in Applied Business Science. Mr Al Awadhi has published a book entitled ‘The Sustainability of Family Businesses in the United Arab Emirates – A Legal and Operational Perspective for Best Practice.’
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General Counsel and Head of Legal, joined the DFSA in September 2015. She is the primary legal advisor to the Board of Directors. In addition, she acts as Board Secretary, managing the affairs of the Board and its committees. Ms Dandan also heads the DFSA’s Legal Division, dealing with all regulatory and other legal affairs of the DFSA.
Alongside these functions, Ms Dandan was the Dean of the two year graduate development programme within the DFSA, the TRL Programme from 2015 to 2020. The TRL Programme is designed to equip UAE National graduates with knowledge and skills in all aspects of financial services regulatory practice.
Prior to joining the DFSA, Ms Dandan spent several years as Head of Legal for the corporate and retail banking businesses of Barclays Bank PLC in the Middle East.
Ms Dandan obtained her law degree in the UK and is qualified to practice law in England and Wales, as well as in Hong Kong. Prior to returning to her Middle Eastern roots, Ms Dandan spent several years working for international law firms in both London and Hong Kong.
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Managing Director, Supervision joined the DFSA in January 2020. He is responsible for providing an effective and efficient risk-based authorisation and supervision strategy for the DFSA consistent with the DFSA’s strategic and business objectives.
Mr Baldacchino’s international career in finance spans more than 20 years. Mr Baldacchino was a career banker prior to joining the DFSA and has in-depth knowledge of regulatory interpretation, liaison and implementation. Mr Baldacchino has significant experience in private, commercial, corporate , institutional and investment banking focusing on regulatory affairs, compliance, credit, operational risk, governance, AML, capital and acquisitions.
Before joining the DFSA, he served as the Head of Regulatory Compliance for ANZ Bank, leading the strategic management of regulator relationships in Australia. Prior to that, he was based in Hong Kong where he worked for JP Morgan as the Executive Director, Head of International Operational Risk, APAC. In this role he held overall responsibility for International Operational Risk for APAC across all business lines for JP Morgan. Mr Baldacchino defined and drove the Operational Risk control, capital and regulatory governance framework across 14 countries in APAC. Prior to this, he also held the role of Executive Director, Head of Regulatory Compliance, APAC for JP Morgan in Hong Kong. Before joining JP Morgan, Mr Baldacchino was the Asia Head of Compliance and Risk Governance for National Australia Bank based in Hong Kong. Mr Baldacchino’s experience includes executive roles with National Australia Bank in Australia.
Mr Baldacchino earned an MBA and Post Graduate Diploma from Melbourne Business School and a Bachelor of Economics from La Trobe University. He is also a Certified Anti-Money Laundering Specialist and served as an Executive Board Member for the Association of Certified Anti-Money Laundering Specialists in Hong Kong for several years.
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Director, Head of International Relations, joined the DFSA in 2005 to establish, co-ordinate, and lead the DFSA's international activity. He has drafted and negotiated some 100 Memoranda of Understanding (MoUs), underlying the DFSA's commitment to cross-border cooperation. Mr McGinness has more than 30 years of regulatory experience. Previously at the Australian Securities and Investments Commission (ASIC), he was successively Principal Legal Officer in Enforcement; the inaugural Coordinator of International Enforcement; advisor to the Chairman; Director, International Relations and a member of the Senior Executive Service. Mr McGinness was ASIC’s representative on IOSCO’s Implementation and multilateral-MoU task forces and its Enforcement Standing Committee. He is currently a member of IOSCO’s Assessment Committee, the central policy group responsible for IOSCO's Principles and Methodology; and the newly-established IAIS Standards Assessment Working Group, which is intended to play a similar role for the insurance standard-setter. He also acts as a lead validator for the IAIS MMoU Mr McGinness was a member of the IMF’s Financial Sector Assessment Programme team in 2004 and 2013 and in 2018 led participants in IOSCO’s Self-Assessment Capacity Building Programme. In December 2016, he was also appointed the DFSA’s Chief Decision Maker, for matters referred from the Enforcement Department. Mr McGinness holds Bachelor of Arts and Law and is admitted as a barrister in Australia.
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Senior Director, Head of Enforcement joined the DFSA in January 2018. Mr Meaney has 25 years of experience in regulating financial markets and services. Prior to joining the DFSA Mr Meaney had been a Manager in the Wholesale Enforcement Department of the Financial Conduct Authority (FCA) for almost seven years. During his time at the FCA, he was responsible for investigations into Libor misconduct where his team enforced record financial penalties against three banks and two broking firms, and fines and prohibitions of two senior and five other individuals. Prior to the FCA, Mr Meaney worked in senior legal, regulatory enforcement and forensic investigation roles in Australia, Hong Kong and Japan. This included serving as General Counsel and Head of Enforcement at the Australian Prudential Regulation Authority and Head of Listing Enforcement at Hong Kong Exchanges and Clearing Limited. He is admitted to practice Law in Australia and has postgraduate qualifications in Law and Applied Finance.
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Eric Salomons is a Director and head of the DFSA Markets division and has developed his career in derivatives and securities markets over the last two decades. He has been involved in derivatives arbitrage, risk management and regulation. Eric has further gained wide ranging and valuable experience of exchange operations, clearing houses and settlement systems as project manager for licensing and supervision of markets in Europe and the Dubai International Financial Centre (DIFC). In 2020, Eric was appointed Dean of the DFSA’S TRL Programme.
Prior to joining the DFSA, Eric worked at the Dutch financial services regulator (AFM) and was responsible for exchange regulation and a member of the Euronext College of Regulators. Eric started his career as a derivatives market maker on the Euronext exchange floor and Eurex for Amsterdam Option Traders (AOT).
Eric is a Member of the IOSCO committee for secondary markets and of the DFSA Executive Committee. He frequently provides peer regulators in Africa and Central Asia with assistance on market structure and exchange regulation.
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Director, Head of Human Resources, joined the DFSA in September 2015. Mr Sayed has more than 30 years of experience in Human Resources in the financial services industry. Prior to joining the DFSA, he held a number of senior positions including Manager Personnel and Administration at Emirates Bank International, International Human Resources Manager, MESA at ANZ Grindlays Bank and Head of Human Resources, UAE and MEA for ABN Amro/Royal Bank of Scotland. Mr Sayed has also worked at Black & Decker and in Arabtec Construction as Director, Labor Welfare and Recruitment. He holds a Higher National Diploma in Business Studies, a CNAA Post Graduate Diploma in Management Studies (DMS) and a Master’s Degree in Manpower studies, all from the United Kingdom (UK).
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Managing Director, Head of Strategy, Policy and Risk joined the DFSA in June 2012. He is currently responsible for overseeing the DFSA’s strategic planning, including its annual business planning cycle; the further development and maintenance of the DFSA’s policy framework; and the organisation’s risk framework, including the risk-based approach to regulation, setting the DFSA’s Risk Tolerance and mitigating non-firm specific risks. In the UAE, Peter is President of the Chartered Institute for Securities and Investment’s National Advisory Committee, and a member of the Emirates Securities and Commodities Authority’s Capital Markets Advisory Council. On the international front, Peter is a member of the IAIS Policy Development Committee and is also involved in IAIS working groups. He is a member of the Coordination Group, the steering body of the Global Financial Innovation Network (GFIN), which brings together like-minded regulators to work on innovation in financial services. Mr Smith has over 25 years of regulatory experience. Prior to joining the DFSA, he was Head of the Investments Policy Department at the UK Financial Services Authority. Earlier roles in the UK included policy areas, supervision, bank resolution, internal audit and risk management. From 2003 to 2007, Mr Smith was seconded to the European Commission in Brussels, working on banking issues, supervision of financial groups, and the future of supervision within the European Union. Mr Smith holds a Master’s degree in finance from London Business School.
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